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What role has technology played in the globalization of businesses? 1) Has technology leveled the economic...

What role has technology played in the globalization of businesses?

1) Has technology leveled the economic playing field, or

2) has it merely increased the distance between the “haves” and the “have-nots”?

Business   Operations-Management   
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Answer #1

As per my experience technology has levelled the economic playing field, the biggest technology companies that we see today started off in a garage with almost little to no capital, with the help of technology people in the most far-flung areas in the world are able to experience numerous services. Technology has helped in the improvement in the following areas:-

  • Communication Technology - The Internet has helped in connecting and bringing together people.
  • Transport Technology - Rapid transportation has enabled to reach places faster.
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